AfDB Lists $3bn Social Bond On LSE     The African Development Bank’s (AfDB) “Fight Covid-19” social bond, the largest social bond to date to be issued in the capital markets, has been listed on London Stock Exchange (LSE) and is now available through its sustainable bond...

AfDB Unveils $3bn COVID-19 Bond   The African Development Bank (AfDB) has raised $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies. The Fight Covid-19 Social bond, with a three-year maturity, garnered...

Power: AfDB Signs $200m For Nigeria’s Projects   The African Development Bank has signed for the release of $200m (about N61.2bn) to Nigeria for the expansion of the country’s power transmission infrastructure. It was gathered in Abuja on Monday that the fund signed last week by the...

Abia Govt Seeks Support As AfDB’s Investment Hits $74.5m   Abia State has approached the African Development Bank for more support as the bank’s investment in the state rose to $74.5m since the Bank Group commenced operations in Nigeria in 1971. A statement said 53 per cent...

AfDB To Support Agro-processing Zones With $300m   The African Development Bank is to support the implementation of the Special Agro-Industrial Processing Zones project in Nigeria with $300m. Senior Special Adviser on Industrialisation to AfDB President, Prof. Oyebanji Oyelaran-Oyeyinka, disclosed this at an SAPZ Inception Workshop in...

AfDB Faults W/Bank On Nigeria, Africa’s Debt Profiles   The African Development Bank has said that the upward debt trend of some African countries did not portend systemic risk of debt distress, as stated by the World Bank. It also said that the general statement by the...